REDUCED TO £59,950 | HIGH YIELD INVESTMENT OPPORTUNITY | POTENTIAL 12% GROSS YIELD

Offered with vacant possession and no forward chain, this first-floor flat presents an excellent opportunity for investors seeking a straightforward purchase with strong rental potential and scope to enhance returns.

Located on Cosgrove Street, Cleethorpes, the property forms part of a converted building and is accessed via a secure communal entrance. A particular feature is the private rooftop terrace, offering valuable outdoor space and additional appeal to prospective tenants.

The property would benefit from some general updating, providing an opportunity for a purchaser to enhance its appeal and maximise rental income. Based on comparable properties in the area, we would anticipate a rental income in the region of £575–£600 pcm once improved. At the current asking price of £59,950, this represents a potential gross yield of approximately 11.5–12.0%.

With vacant possession, no onward chain and immediate availability, the property is well suited to buy-to-let investors looking to add a high-yielding asset to their portfolio.

Accommodation Comprises:

Landing
Accessed via a shared communal entrance with staircase rising to the first floor. Landing with doors leading to all rooms.

Lounge
Bright living space with uPVC double-glazed window and door providing access to the private rooftop terrace.

Kitchen
Fitted with a range of wall and base units, stainless steel sink, built-in electric oven and hob, and plumbing for a washing machine.

Bedroom
Double bedroom with uPVC double-glazed window and radiator.

Shower Room
Comprising walk-in shower, WC, vanity wash basin and heated towel rail.

Additional Information

• Asking Price: £59,950
• Tenure: Leasehold (approximately 63 years remaining)
• EPC Rating: C
• Council Tax Band: A
• Vacant Possession
• No Forward Chain
• Potential Rental Income: £575–£600 pcm
• Potential Gross Yield: 11.5–12.0%

Please note that the property has approximately 63 years remaining on the lease. As a result, cash buyers and investors are particularly encouraged to enquire.

Early viewing is highly recommended.